Parma, MI is a small town located in Jackson County, with a population of approximately 350 people. It is an ideal place to live for those looking for a peaceful and relaxing lifestyle. The town offers a wide variety of amenities such as two local grocery stores and multiple restaurants, making it easy to access basic goods and services. Additionally, Parma has two local schools; the Parma Elementary/Middle School and the Western High School, both providing excellent education opportunities to students living in the area. Rent is also very affordable in this small city, with 2 Bedroom rental prices averaging around $920 USD per month compared to the US average of $1,430 USD. Grocery costs also tend to be lower than in other parts of the US with an index score of 94 compared to 100 in the US. All these factors make Parma a great place for people on a budget who want to take advantage of all that the city has to offer without breaking the bank!
Parma has an unemployment rate of 5.9%. The US average is 6.0%.
Parma has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Parma
- The Sales Tax Rate for Parma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parma is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Parma
- The average income of a Parma resident is $18,709 a year. The US average is $28,555 a year.
- The Median household income of a Parma resident is $64,267 a year. The US average is $69,021 a year.